Nov 7, 2012 4:00pm PST
and paul ryan had won, they'd say they have a mandate r for imposing the ryan romney budget. the president talked about this issue. he says we need to ask higher income individuals to pay more to generate revenue, as part of the solution. part of the solution along with cuts, to reducing the deficit, so it's not as if this hasn't been an important part of the campaign argument. so we'll have to see how this goes. >> i'll look forward the to talking to you more about it. you know what investors are telling me, you got to go about four times bigger. >> i think the framework of the bipartisan commission is right and it would be great if our republican colleagues would adopt that. people like grover norquist have said that's just a subterfuge to raise taxes on the american people when in fact, it's a balanced approach to getting the job done. >> still to come, the keys to victory. how the president won and the voters who turned against the republican party. tonight, there are warning signs for both sides. john king at the magic wall. the man does not sleep. he is back. plus, after last night,
Nov 7, 2012 8:00pm PST
me in welcoming the next president of the united states, paul ryan.
Nov 12, 2012 4:00pm PST
might be, in your proposal, the one paul ryan decided not to back, the one barack obama decided not to back, you had an increase in the federal gasoline tax. caps on mortgage interest. charitable donations and retirement contributions. these were all top choices. you also increased the eligibility age for medicare and social security. reduced benefits for wealthier seniors. some of those things average democrats and republicans say they agree on, other, they loathe them. is there anything that should be untouchable? >> the problems are real, no easy way out. we've got to come up with at least $4 trillion of deficit reduction and that's not the maximum amount we need to do is not even the ideal amount. reduce the deficit in order to stabilize the debt and get it on the path. >> it's interesting you say it that way. it's not the maximum, barely the minimum. bill gross from pimco says 16 trillion, which is not to be negative, but just to say people who think your plan is tough, it's getting us started on this path. it's not solving everything. >> absolutely. he's 100% right. i'd be